Caterpillar Dodged Tax, Senate Inquiry Finds

Swiss move helped the company avoid paying $2.4 billion in U.S. taxes, according to report.

By Richard Rubin, Bloomberg|March 31, 2014 at 02:39 PM

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Caterpillar Inc. avoided paying $2.4 billion in U.S. taxes by shifting profits from a parts business to a subsidiary in Switzerland, according to a report released today by a Senate investigative committee.